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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 233.22

+1.8%

Nov 28 9:30 AM EST

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To: Lizzie Tudor who wrote (107445)	8/23/2000 4:48:42 PM
From: Skeeter Bug	Read Replies (2) of 164684

why would ibm refuse to purchase over half of msft when bill offered it to them 15+ years ago? to believe business folks are omniscient is naive. i have explained why amzn can't be very successful - they may not go under, but they also won't make significant money. the bulls made their case several years ago and the results have not panned out. i remember profitability in 1999. why did these folks believe 1999 would be profitable? why were they wrong? then, 2000. why were they wrong. no, god knows when. i said 3 years ago amzn wouldn't be profitable in 1999, 2000, nor anytime soon. why was i right? the net hype has engrossed many executives who want to feel part of the "new economy." i think they would rather be wrong with everyone else than risk bucking the trend and being wrong. a strange type of zitgeist (sp??). folks just aren't acting rational. if toys r us levereged their business on the success of amzn then they are dumb. if amzn suffers and toys r us can still trot along w/o too much trouble then it is a win / win for toys r us.

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